Dont miss the action in this multibagger stock that has announced stock split!

The stock gave multibagger returns of 112.43 per cent over the last 1 year.

On Friday, shares of Shreeji Translogistics Ltd surged 1.11 per cent to day high of Rs 398.95 per share from its previous closing of Rs 394.60. At 3:30 pm, the shares of the company ended the day positively, up around 0.72 per cent to Rs 397.45 per share.   

Recently, the company announced stock split wherein it will be converting equity shares with a face value of Rs 10 each into 5 equity shares with a face value of Rs 2 each with the record date set as Wednesday, February 15, 2023.    

The company reported positive results in its quarterly and annual consolidated financial statements. In comparison to FY21, the company’s net sales rose 53.22 per cent and net profit skyrocketed 1000 per cent in FY22. The company has a market cap of Rs 414 crore with a 1-year CAGR of 104 per cent.  

Incorporated in 1994, Shreeji Translogistics is primarily engaged in the business of acting as a transport contractor. The registered office of the company is in Mumbai. In the latest press release, the firm decided to finally expand its business and service network in Mundra, Kandla and Gandhidham.   

The stock gave multibagger returns of 112.43 per cent over the last 1 year. Investors should keep an eye on this multibagger stock.